See also
The income statement presents information on the financial results of a company's business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
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AT&T Inc., Consolidated Income Statement
USD $ in millions
| 12 months ended | Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
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Wireless service | |
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Data | |
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Voice | |
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Directory | |
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Other | |
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Operating revenues | |
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Cost of services and sales (exclusive of depreciation and amortization shown separately below) | |
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Gross profit | |
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Selling, general and administrative | |
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Impairment of intangible assets | |
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Depreciation and amortization | |
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Operating income | |
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Interest expense | |
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Equity in net income of affiliates | |
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Other income (expense), net | |
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Other income (expense) | |
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Income from continuing operations before income taxes | |
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Income tax (expense) benefit | |
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Income from continuing operations | |
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Income from discontinued operations, net of tax | |
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Net income | |
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Net income attributable to noncontrolling interest | |
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Net income attributable to AT&T | |
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| Item | Description | The company |
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| Operating revenues | Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. | AT&T Inc.'s operating revenues increased from 2009 to 2010 and from 2010 to 2011. |
| Operating income | The net result for the period of deducting operating expenses from operating revenues. | AT&T Inc.'s operating income declined from 2009 to 2010 and from 2010 to 2011. |
| Income from continuing operations before income taxes | Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. | AT&T Inc.'s income from continuing operations before income taxes declined from 2009 to 2010 and from 2010 to 2011. |
| Income from continuing operations | This represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. | AT&T Inc.'s income from continuing operations increased from 2009 to 2010 but then declined significantly from 2010 to 2011. |
| Net income | The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. | AT&T Inc.'s net income increased from 2009 to 2010 but then declined significantly from 2010 to 2011. |
| Net income attributable to AT&T | The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. | AT&T Inc.'s net income attributable to AT&T increased from 2009 to 2010 but then declined significantly from 2010 to 2011. |
May 23, 2012